Construction output in South Korea decreased 2.5 percent from a year earlier in December of 2020 following a 1.7 percent gain in the previous month, dragged by building construction (-4.8 percent vs 2.4 percent in November). In contrast, civil engineering rebounded modestly (1.9 percent vs -0.1 percent) contracted. On a monthly basis, construction output fell 0.9 percent, following a 4.5 percent increase. source: Statistics Korea
Construction Output in South Korea averaged 1.46 percent from 1998 until 2020, reaching an all time high of 26.40 percent in November of 2016 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Construction Output in South Korea is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in South Korea to stand at 3.20 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2022, according to our econometric models.